HOUSE DOCKET, NO. 2915        FILED ON: 1/16/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2549

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Randy Hunt

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act Clarifying the Application of the Throw Out Rule for Corporate Excise Sales Factor Apportionment Purposes.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Randy Hunt

5th Barnstable

1/16/2015

David F. DeCoste

5th Plymouth

2/4/2015

Leonard Mirra

2nd Essex

2/4/2015


HOUSE DOCKET, NO. 2915        FILED ON: 1/16/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2549

By Mr. Hunt of Sandwich, a petition (accompanied by bill, House, No. 2549) of Randy Hunt, David F. DeCoste and Leonard Mirra relative to the determination of sales income for corporate excise tax purposes.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

An Act Clarifying the Application of the Throw Out Rule for Corporate Excise Sales Factor Apportionment Purposes.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Section 1.  Section 38 of Chapter 63 of the General Laws is hereby amended by striking the second paragraph of clause (5) of subsection (f) and inserting it its place the following:-  or if a sale other than a sale of tangible personal property is assigned to a foreign country

Section 2.  Section 38 of Chapter 63 of the General Laws is hereby amended by striking the second paragraph of clause (5) of subsection (f) and inserting it its place the following:-  or if a sale other than a sale of tangible personal property is assigned to a foreign country

Section 3.  Section 1 of this act shall be effective for tax years beginning on or after January 1, 2014 and shall remain effect for all tax years beginning before January 1, 2018  

Section 4.   Section 3 of this act shall be effective for tax years beginning on or after January 1, 2018.